HCA ups debt sale to $1.5B

Nashville, Tenn.-based HCA Healthcare has added $500 million to the $1 billion debt sale it previously disclosed, according to the Nashville Post.

Advertisement

HCA completed the sale of $500 million in senior notes Jan. 22, according to a filing with the Securities and Exchange Commission. The notes will mature in 2028.

The remaining $1 billion in senior notes, which will mature in 2029, are expected to be sold by Jan. 30.

Net proceeds from the offerings will be used “for general corporate purposes, which may include acquisitions,” according to the SEC filing. In a credit rating update published Jan. 17, Moody’s Investors Service said proceeds from HCA’s new unsecured notes will fund its planned acquisition of Asheville, N.C.-based Mission Health.

More articles on healthcare finance:

Hospital chain delinquent on taxes in 7 states
Georgia health system duped out of $1.2M recovers funds
3 financial pain points for healthcare CFOs

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.